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News, information and research from Boston UniversityWed, 21 Sep 2011 18:14:24 +0000en-UShourly1http://wordpress.org/?v=4.1.5Derivatives amendment showdownhttp://blogs.bu.edu/bunow/2010/06/15/derivatives-amendment-showdown/
http://blogs.bu.edu/bunow/2010/06/15/derivatives-amendment-showdown/#commentsTue, 15 Jun 2010 22:56:36 +0000http://blogs.bu.edu/bunow/?p=5958Enemies on all sides are coming down on Arkansas Democratic U.S. Senator Blanche Lincoln’s amendment to the regulatory reform bill that would rid banks of their lucrative derivatives business which played such a huge rule in the 2008 financial crash. Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and a former counsel to the Fed Board of Governors, feels that the only problem with the amendment is that it doesn’t go far enough to drive “toxic” derivatives out of the bank-holding company temple entirely.

“By lodging this casino activity in bank holding company affiliates she runs the risk of the Fed doing in the next crisis exactly what it has done in this one, namely waiving the rigid rules that are supposed to separate banks from their holding company affiliates.”

]]>http://blogs.bu.edu/bunow/2010/06/15/derivatives-amendment-showdown/feed/0Senate primary lessonshttp://blogs.bu.edu/bunow/2010/05/19/senate-primary-lessons/
http://blogs.bu.edu/bunow/2010/05/19/senate-primary-lessons/#commentsWed, 19 May 2010 15:54:33 +0000http://blogs.bu.edu/bunow/?p=5574U.S. Senate primaries — with Republican-turned-Democrat Arlen Specter defeated in the Pennsylvania Democratic primary, Arkansas Democratic Senator Blanche Lincoln forced into a run-off, and a hand-picked GOP candidate beaten by Tea Party favored candidate Rand Paul in Kentucky — may indicate an anti-incumbent mood in the country. But political science Professor Graham Wilson cautions that the Specter loss proves no national trend and the Democrats also saved the late John Murtha’s House seat in Pennsylvania where the Republicans seemed favored.

“However, Paul’s victory does show that within the Republican party the tea party movement is a real force, one that might result in the GOP being encumbered with far right conservative candidates in the November elections. It’s like the reverse image of the McGovernites taking over the Democratic Party in the 1970s.”